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APRP Exam Review with complete solutions 2024
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APRP Exam Review exam with complete solutions 2024
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APRP Exam Review exam with completej j j j j
solutions 2024
j j
A jcheck jis jnot jconsidered ja jnegotiable jinstrument junder jReg jCC jif:
A. jDoes jnot jhave ja jdate
B. jIs jfuture jdated
C. jDoes jnot jhave ja jnamed jpayee
D. jIs jnot jprinted jand jMICR jink j- jANSWER✓✓-D
Fed jwire jfunds jare jfinal jand jirrevocable jupon jcompletion jof jprocessing jby jthe
A. jBeneficiaries jdepository jinstitution
B. jOriginators jdepository jinstitution
C. jOriginator
D. jFederal jReserve jBanks j- jANSWER✓✓-D
A jsecurity jprocedure jis jnot jconsidered jcommercially jreasonable jfor ja jwire
jtransfer jif
A. jThe jsecurity jprocedure jcomplies jwith jregulation jJ
B. jThe jsecurity jprocedure jutilized jas ja jmicro jpayment jto jvalidate jthe jaccount
C. jThe jsecurity jprocedure jis jonly jcompared jto ja jsignature
D. jThe jsecurity jprocedure jutilizes ja jpre-note jto jvalidate jthe jaccount j-
jANSWER✓✓-C
Which jregulation jrequires jthat ja jpaying jbank jmust jreturn ja jcheck jsuch jthat jit
jis jreceived jby jthe jbank jof jfirst jdeposit j(BOFD) jby j2 jPM jlocal jtime jon jthe
jsecond jbusiness jday jfollowing jthe jdate jof jresentment
A. jUCC jMidnight jdeadline
, B. jReg jCC jExpeditious jreturn
C. jReg jE jExpedited jre-credit
D. jOCC j231 j- jANSWER✓✓-B
According jto jthe jFFIEC, jan jinstitution's jfirst jstep jin jthe jbusiness jcontinuity
jprocess jis jthe jdevelopment jof ja
A. jRisk jassessment
B. jRisk jmanagement jprogram
C. jBusiness jimpact janalysis
D. jRisk jmonitoring jand jtesting jprogram j- jANSWER✓✓-C
Internally jdeveloped jtechnology j____________establish jmeasurable jcontrols
jand jrequirements jto jachieve jpolicy jobjectives
A. jProcedures
B. jSystem jMaintenance jSchedules
C. jStandards
D. jAuthentication jrequirements j- jANSWER✓✓-C
The jexchange jof jcheck jand jcheck jimages jbetween jfinancial jinstitutions jis
jgoverned jby
A. jRegulation jCC
B. jUniform jcommercial jcode jarticles j3 j& j4
C. j31 jCFR j220
D. jAgreement j- jANSWER✓✓-D
Biometrics jfor jpayment jinitiation jand jauthentication jis jgoverned jby
A. jFFIEC jGuidance
B. jRegulation jD
C. jRegulation jJ
D. jRegulation jZ j- jANSWER✓✓-A
Credit jcard jtransactions jare jgoverned jby
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